National Bank for Agriculture and Rural Development 6.65% 2035 Bond

ISININE261F08CR4

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR LTIF 5C 6.65 LOA 28DC35 FVRS10LAC

National Bank for Agriculture and Rural Development is a public-sector (PSU) issuer in the Financial Institution sector. This directory lists 110 of its bonds.

Key terms

Issue date
30 Dec 2020
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
NCD SERIES LTIF 5C
Sector
Financial Institution
Issuer type
PSU
Issuer nature
Bank

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

India Ratings AAA / StableICRA AAA / Stable

AAAmost conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AAA is the highest rating an Indian agency assigns. It signals the strongest assessed capacity to pay interest and principal on time: the agency sees the risk of default as the lowest it recognises. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: IND AAA/Stable;ICRA AAA/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 6.64% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

15 scheduled payments through 28 Dec 2035; final payment ₹10,66,500 per bond.

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